Xiaomi’s China Smartphone Share Triples as Apple Declines

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Xiaomi Corp. led China smartphone shipments in the third quarter as local brands including Vivo ate into the share of global market leaders Samsung Electronics Co. and Apple Inc., researcher Canalys said.

Xiaomi more than tripled its share of the world’s largest smartphone market to 16 percent in the three months ended September from 5 percent a year earlier, Canalys said in an e-mail today. Samsung fell to second place from first as its market share dropped to 14 percent from 21 percent, the researcher said.